Someone crashed into my parked car

Jasonh2015

TooManyPoints said:

As for the cancelled policy, most insurers only ask for up to 5 years, not for life.

No they don't. The question most insurers ask is "have you ever had a policy cancelled?"

Here, for example, is Admiral's proposal:

https://ibb.co/T8d8NCn

As an Insurance Underwriter, ACII qualified, and 20 years in insurance, most insurers ask up to 5 years. Quotezone, confirmed up to 5 years, insureyourmotor up to 5 years, so the overall criteria for their insurance partners is 5 years .

It's always best to disclose everything, an insurer isn't going to hold it against someone for the rest of their life.

Sandtree

Jasonh2015 said:
As an Insurance Underwriter, ACII qualified, and 20 years in insurance, most insurers ask up to 5 years. Quotezone, confirmed up to 5 years, insureyourmotor up to 5 years, so the overall criteria for their insurance partners is 5 years .

Its slightly odd to choose a middle market broker and a very small broker that specialises in difficult to insure drivers/vehicles. If "most" insurers are only interest in 5 years or less why arent you listing household names like Direct Line, Admiral, Aviva etc? 

I can only go by anecdotal evidence but as a FCII with 19 years experience in insurance I wouldnt agree that the majority only ask about the last 5 years (or less) for cancelatoins etc.

Jasonh2015

Because cancelled policies usually fall under nonstandard car insurance, where as direct insurers mostly like clean risks, perhaps the odd SP30/50 etc. It also depends on why it was cancelled, missed DD or misrepresentation/voided or avoided policy etc. 

Sandtree

Jasonh2015 said:

Because cancelled policies usually fall under nonstandard car insurance, where as direct insurers mostly like clean risks, perhaps the odd SP30/50 etc. It also depends on why it was cancelled, missed DD or misrepresentation/voided or avoided policy etc. 

But those household names make up the majority of the market. 

If you are saying most of the sub prime insurers only are interested in the last 5 years then that can possibly be true but you cant declare its most insurers and then ignore what makes up the majority of the market.

Jasonh2015

If it's a cancelled policy, it most likely will go to the sub prime market. Ask 5 different people, you'll most likely get 5 different answers. I always tell people to declare everything, and if it's not rateable then we can't use it.

I think it also goes to the specific market people have worked in, mines mostly non standard some with HNW Market/Vehicles, but a questionable driving record.